Volha Audzei

Head of Economic Research Unit

Research Division, Research and Statistics Department

Fields: Macroeconomic Modelling,
Monetary Policy

Education: Ph.D. in economics CERGE-EI (2017)

Phone: +420 224 412 022

E-mail: volha.audzei@cnb.cz

RePEc: https://ideas.repec.org/e/pau72.html

Personal webpage: https://audzei.eu/

Work in Progress

International spillovers form Euro Area monetary policy to a small open economy: Investment behavior of Czech firms (with Michal Franta)
Exchange rate depreciation in New Keynesian model with heterogeneous producers (with J. Matějù and Michal Brzoza-Brzezina)

Audzei V., Brůha J., Sutóris I. (2025) "Does Firms’ Financing in Foreign Currency Matter for Monetary Policy?", Czech National Bank Working Papers No. 10/2025
Audzei V., Slobodyan S. (2025) "Dynamic Sparse Adaptive Learning", Czech National Bank Working Papers No. 9/2025
Audzei V., Sutóris I. (2024) "A Heterogeneous Agent Model of Energy Consumption and Energy Conservation", Czech National Bank Working Papers 2024/04 (published as ChaMP WP)

Audzei, V. (2023) "Learning and Cross-Country Correlations in a Multi-Country DSGE Model", Economic Modelling, vol. 120.
Audzei, V., Slobodyan, S. (2022) "Sparse Restricted Perceptions Equilibrium", Journal of Economic Dynamics and Control, vol. 139
Audzei, V., Bruha, J. (2022) "A Model of Euro Area – China – United States: Trade Links and Trade Wars", Economic Modelling, vol. 11.
Audzei, V. (2022) "Confidence Cycles and Liquidity Hoarding", International Journal of Central Banking, vol. 18(3).
Audzei, V., Brázdik, F. (2018) "Exchange rate dynamics and their effect on macroeconomic volatility in selected CEE countries", Economic Systems, vol. 42(4), pp. 584-596.
Audzei, V., Brázdik, F. (2015) "Monetary policy and exchange rate dynamics: the exchange rate as a shock absorber", Czech Journal of Economics and Finance (Finance a úvěr), vol. 65(5), pp. 391–410.

Selected Projects

2012–2013 Within the project "Macro Model Data Base" - together with Sergey Slobodyan (project under supervision of Volker Wieland, Goethe University Frankfurt) I was contributing to database expansion, in particular rewriting DSGE models under adaptive learning in Dynare toolbox, Matlab; programing routines for database expansion in Matlab.
2011 Within IDEA project constructed GVAR model using GVAR toolbox for Matlab - together with Martin Kuncl (work was not published)

Awards

2015 Professor’s Vencovsky price, first place (by VSFS, Prague)
2014 Participating in 5th Lindau Meeting on Economic Sciences
2014 Czech Econometric Society Award for the best paper in theoretical economics, second place